Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Warren Buffett compares AI to nuclear weapons, warns of scamming potential By: FOX Business May 04, 2024 at 17:45 PM EDT Warren Buffett said he thinks there's a great potential for scams using AI, calling it the "growth industry for all time," and comparing it, again, to nuclear weapons. Warren Buffett took a cautionary stance on artificial intelligence on Saturday at Berkshire Hathaway’s annual meeting, comparing the technology once again to the advent of nuclear weapons and warning about the potential for scams. "I don’t know anything about AI," the billionaire investor and co-founder of Berkshire Hathaway admitted, "but that doesn’t mean I deny its existence or importance or anything of the sort." He reiterated what he said last year: "That we let a genie out of the bottle when we developed nuclear weapons. And that genie has been now doing some terrible things lately. And the power of that genie is, you know, scares the hell out of me. And on the other hand, I don’t know any way to get the genie back in the bottle." SAM'S CLUB SAYS AI WILL HANDLE EXIT CHECKS IN ALL STORES BY END OF 2024The 93-year-old philanthropist said AI is "somewhat similar.""It’s part the way out of the bottle and it’s enormously important and it’s going to be done by somebody so we may wish we’d never seen that genie, or it may do wonderful things," he said. He also talked about the "enormous potential" for scams using AI. NEWSPAPERS SUE OPENAI FOR COPYRIGHT INFRINGEMENT OVER AI TRAINING"If you can reproduce images I can’t even tell that say ‘I need money,’ you know, ‘It’s your daughter, just had a car crash. I need $50,000 wired.’ I mean, scamming has always been part of the American scene, but this would make me, if I was interested in investing in scamming, it’s going to be the growth industry of all time. And it’s enabled in a way. Obviously, AI has potential for good things too but I don’t know how you, based on the one I saw recently, I practically would send money to myself over and over in some crazy country."GET FOX BUSINESS ON THE GO BY CLICKING HEREHe said he didn’t have any advice on how the world should handle AI, "because I don’t think we know how to handle what we did with the nuclear genie. But I do think as someone who doesn’t understand a damn thing about it, it has enormous potential for good and enormous potential for harm, and I just don’t know how that plays out." This weekend's meeting was the first without Berkshire Hathaway's vice chairman Charlie Munger, who died last fall at 99. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Warren Buffett compares AI to nuclear weapons, warns of scamming potential By: FOX Business May 04, 2024 at 17:45 PM EDT Warren Buffett said he thinks there's a great potential for scams using AI, calling it the "growth industry for all time," and comparing it, again, to nuclear weapons. Warren Buffett took a cautionary stance on artificial intelligence on Saturday at Berkshire Hathaway’s annual meeting, comparing the technology once again to the advent of nuclear weapons and warning about the potential for scams. "I don’t know anything about AI," the billionaire investor and co-founder of Berkshire Hathaway admitted, "but that doesn’t mean I deny its existence or importance or anything of the sort." He reiterated what he said last year: "That we let a genie out of the bottle when we developed nuclear weapons. And that genie has been now doing some terrible things lately. And the power of that genie is, you know, scares the hell out of me. And on the other hand, I don’t know any way to get the genie back in the bottle." SAM'S CLUB SAYS AI WILL HANDLE EXIT CHECKS IN ALL STORES BY END OF 2024The 93-year-old philanthropist said AI is "somewhat similar.""It’s part the way out of the bottle and it’s enormously important and it’s going to be done by somebody so we may wish we’d never seen that genie, or it may do wonderful things," he said. He also talked about the "enormous potential" for scams using AI. NEWSPAPERS SUE OPENAI FOR COPYRIGHT INFRINGEMENT OVER AI TRAINING"If you can reproduce images I can’t even tell that say ‘I need money,’ you know, ‘It’s your daughter, just had a car crash. I need $50,000 wired.’ I mean, scamming has always been part of the American scene, but this would make me, if I was interested in investing in scamming, it’s going to be the growth industry of all time. And it’s enabled in a way. Obviously, AI has potential for good things too but I don’t know how you, based on the one I saw recently, I practically would send money to myself over and over in some crazy country."GET FOX BUSINESS ON THE GO BY CLICKING HEREHe said he didn’t have any advice on how the world should handle AI, "because I don’t think we know how to handle what we did with the nuclear genie. But I do think as someone who doesn’t understand a damn thing about it, it has enormous potential for good and enormous potential for harm, and I just don’t know how that plays out." This weekend's meeting was the first without Berkshire Hathaway's vice chairman Charlie Munger, who died last fall at 99.
